The first type would be one of many different types of loans available. These loans include Basic 7(A) Loans, Microloan Program, Disaster Loans, Veterans Loans, or a Special Purpose Loan. Another possible type of financing would be a grant. While this type is only available to those in a non-profit business or educational institution, it is still a type of financing offered by the SBA. The third type of financing available would be venture capital, available to those companies that cannot seek capital elsewhere3. What criteria does the SBA establish to qualify applicants for loans? When looking at the SBA loan you must meet the following criteria to qualify. Your business must have been rejected by any type of financial institution first. Your company must also meet the size requirements defined by the government as a small business.4. What reporting is required from the
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